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August 5, 2010 Dear Friend,
We cut our "old
basis" 2010 earnings estimate for WY from a $0.16 loss
to $0.41 per share loss due to larger Wood Mfg. losses.
We cut our "old basis" 2011 estimate from $0.54 to $0.52
per share. WY will announce on September 1st how many
shares it issued to pay out the $5.04 billion non-cash
portion of the $5.6 billion special dividend based on
its share price between August 24-26. Attached below
are our agendas for our August 12-13 visits to Plum
Creek and WY in Seattle.
Seattle August 12-13
Agenda
3 pm John Hobbs,
Plum Creek, 999 Third Avenue Suite 4300, Seattle, WA
98104, 206 467 3600.
Through
dinner
Overnight W Hotel,
1112 Fourth Avenue, Seattle, WA 98101
8 am Group gathers
to ride to WY
9:00a – 10:00 Dan
Fulton (President & CEO) / Patty Bedient (Exec VP &
CFO),
10:00 – 10:30 Shaker Chandrasekaran (Sr VP Cellulose
Fibers),
10:30 – 11:00 Larry Burrows (President, WRECO
homebuilder) and
11:00 – 11:30 Miles Drake (Sr VP, Research &
Development).
3:05 pm Pacific time flight to Newark
Faithfully,
John C. Tumazos, CFA
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Copyright © 2008 John Tumazos Very Independent Research,
LLC
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